Like us on Facebook:
https://www.facebook.com/accountinglectures
Visit the website where you can search using a specific term:
http://www.farhatlectures.org/
Connect with Linked In:
https://www.linkedin.com/in/mansour-farhat-cpa-cia-cfe-macc-2453423a/
A fiduciary fund is used in governmental accounting to report on assets held in trust for others. When financial statements are prepared for fiduciary funds, they are presented using the economic resources measurement focus and the accrual basis of accounting. The required financial statements for a fiduciary fund are as follows:
Statement of fiduciary net position
Statement of changes in fiduciary net position
The fiduciary funds classification includes the following funds:
Agency funds. Used to report on resources held in a custodial capacity, where funds are received, temporarily invested, and remitted to other parties.
Investment trust funds. Used to report the external portion of an investment pool that is reported by the sponsoring government.
Pension and employee benefit trust funds. Used to report on assets held in trust for pension plans, other post-employment benefit plans, and employee benefit plans.
Private-purpose trust funds. Used to report on trust arrangements where the individuals, private organizations, and other governments are the beneficiaries.

published:10 Jun 2017

views:1024

An "#OfficeHours with Michael Kitces" Periscope, looking at the impending fiduciary Armageddon of (most) mutual fund share classes. For further details, see https://www.kitces.com/blog/variable-annuity-mutual-fund-share-classes-ending-under-dol-fiduciary/

published:22 Feb 2017

views:703

An overview of accounting for fiduciary funds of state and local governments

published:03 Jul 2015

views:1165

Four types of Fiduciary funds are Pension Trust funds, Investment Trust funds, PrivatePurpose Trust funds and Agency funds. Pension trust funds are funds held in trust for payment of employee retirement and benefits. Investment trust funds are funds held in a trust when government is trustee. Private purpose trust funds are trust arrangements where principal remains intact and income generated is used for the benefits. Agency funds are funds held by government in a purely custodial capacity.
Audio - Video by SSK Advisory
Our Website : http://www.sskadvisory.com/
Subscribe to us YouTube on https://www.youtube.com/channel/UCAnTXIXnZH5vlnfxbbl47OQ?sub_confirmation=1
Like us on Facebook at https://www.facebook.com/SSKAdvisory
Follow us on Twitter at https://twitter.com/AdvisorySsk

published:27 May 2016

views:218

Saving for retirement means navigating a potential minefield of high fees and bad advice. Billy Eichner and Kristin Chenoweth share some tips.
Connect with Last Week Tonight online...
Subscribe to the Last Week Tonight YouTube channel for more almost news as it almost happens: www.youtube.com/user/LastWeekTonight
Find Last Week Tonight on Facebook like your mom would:
http://Facebook.com/LastWeekTonight
Follow us on Twitter for news about jokes and jokes about news:
http://Twitter.com/LastWeekTonight
Visit our official site for all that other stuff at once:
http://www.hbo.com/lastweektonight

If you've ever worked in finance or accounting, or tried to invest any money, you've probably come across the word "fiduciary." Understanding what a fiduciary is, and what their responsibilities are is important if you're risking your money, as this video explains.

published:27 Jul 2017

views:1223

What is the difference between a fiduciary vs broker? The difference may not be as drastic as you think. A fiduciary is just a fancy title for someone who will have you paying fees forever, no matter how well or how awful they do. In this video, we dive into the fiduciary rule explained and exactly what makes the fiduciary relationship different than a broker. The fiduciary responsibility should be there whether you are using a fiduciary or a broker, but many times it will be up to you to find the right individual.
Let's look at the fiduciary duty. Are they going to have more information than a money manager or a broker? Do they have access to more information? No.
Let's look at a broker vs fiduciary in a little more depth.
--------------------------------------------------------------
Please Subscribe!
https://www.youtube.com/channel/UCNtQmqZlNUwzPuWmHPI_oSg?sub_confirmation=1
Visit me on the web-
http://WiseMoneyTools.com/
Follow me!
FB - https://www.facebook.com/wisemoneytools
Twitter - https://twitter.com/wisemoneytools
Google+ - https://plus.google.com/114367619155241197052
I have been involved in financial planning for over 30 years. I started out as a high volume stock broker. After working with millions of dollars I decided there had to be another way for people to earn money in the market without all the risky ups and downs that leave you where you started, or worse. After reading a ton of books I came across a book on the Infinite Banking Concept and it completely changed my life and the way I view investments. Now I focus on building wealth in safe and predictable ways, like Infinite Banking, Cash Value Life Insurance, and Indexed Annuities to name a few.
I post videos regularly so if you have any questions of comments feel free to email them to...
dan at wisemoneytools dot com

published:22 Sep 2016

views:1624

Agent for Fiduciary is when an individual who is either serving as a trustee of a trust or as an executor or personal representative of an estate engages a third party such as U.S. Trust to assist them with the asset management and administration of that trust or estate responsibility.
Learn more: www.ustrust.com

published:27 Feb 2015

views:582

Used to account for funds held by Govt entity as a Trustee or Agent
Uses Accrual basis of accounting and Economic Resources measurement focus (2 Exceptions)
Only Fund Statements are prepared by Fund TypeStatement of Net Assets
Statement of Changes in Fiduciary Net Assets
Combining Statements

English markers of habitual aspect

The habitual aspect is a form of expression connoting repetition or continuous existence of a state of affairs. In English when present time is referred to, there is no special grammatical marker for the habitual; the simple present is used, as in I go there (every day). However, for past reference English uses the simple past form or either of two alternative markers: used to as in we used to go there (every Thursday), and would as in back then we would go there (every Thursday).

Would

The form [would + infinitive] is employed to talk about a habit or frequent action in a former time.
One usually applies [would + infinitive] for the past habitual when one is telling a story about the
past.

When I was a kid, we would often have a drink after class on a Monday.

When I lived in Romania, we would go to a little bar near our house.

The past habitual employment of would requires an accompanying indication of the time of occurrence (more specifically than simply before the present): e.g., Last year we would go there frequently, but not simply We would go there frequently.

Oliver has said that he has full creative freedom, including free rein to criticize corporations. His initial contract with HBO was for two years with an option for extension. In February 2015, it was announced that the show has been renewed for two additional seasons of 35 episodes each. Oliver and HBO programming president Michael Lombardo have discussed extending the show from half an hour to a full hour and airing more than once a week after Oliver "gets his feet under him".

Purpose trust

A purpose trust is a type of trust which has no beneficiaries, but instead exists for advancing some non-charitable purpose of some kind. In most jurisdictions, such trusts are not enforceable outside of certain limited and anomalous exceptions, but some countries have enacted legislation specifically to promote the use of non-charitable purpose trusts. Trusts for charitable purposes are also technically purpose trusts, but they are usually referred to simply as charitable trusts. People referring to purpose trusts are usually taken to be referring to non-charitable purpose trusts.

Trusts which fail the test of charitable status usually fail as non-charitable purpose trusts, although there are certain historical exceptions to this, and some countries have modified the law in this regard by statute. The court will not usually validate non-charitable purpose trusts which fail by treating them as a power. In IRC v Broadway Cottages Trust [1955] Ch 20 the English Court of Appeal held: "I am not at liberty to validate this trust by treating it as a power. A valid power is not to be spelled out of an invalid trust."

History

Until the mid-1990s, the Uniform CPA Exam was 19.5 hours in duration and administered over two and one-half days. It consisted of four subject areas (sections) which were tested in five sittings: Auditing (3.5 hours); Business Law (3.5 hours); Accounting Theory (3.5 hours); and Accounting Practice (Part I & Part II; 4.5 hours each). Although Accounting Practice Parts I and II were given in separate sittings, the two scores were combined for grading purposes. The exam was administered twice per year: on the first consecutive Wednesday, Thursday and Friday in May and November of each year. Test takers were allowed to use only paper and pencil (no electronic calculators or computers of any kind were allowed at that time).

Like us on Facebook:
https://www.facebook.com/accountinglectures
Visit the website where you can search using a specific term:
http://www.farhatlectures.org/
Connect with Linked In:
https://www.linkedin.com/in/mansour-farhat-cpa-cia-cfe-macc-2453423a/
A fiduciary fund is used in governmental accounting to report on assets held in trust for others. When financial statements are prepared for fiduciary funds, they are presented using the economic resources measurement focus and the accrual basis of accounting. The required financial statements for a fiduciary fund are as follows:
Statement of fiduciary net position
Statement of changes in fiduciary net position
The fiduciary funds classification includes the following funds:
Agency funds. Used to report on resources held in a custodial capacity, where funds are received, temporarily invested, and remitted to other parties.
Investment trust funds. Used to report the external portion of an investment pool that is reported by the sponsoring government.
Pension and employee benefit trust funds. Used to report on assets held in trust for pension plans, other post-employment benefit plans, and employee benefit plans.
Private-purpose trust funds. Used to report on trust arrangements where the individuals, private organizations, and other governments are the beneficiaries.

An "#OfficeHours with Michael Kitces" Periscope, looking at the impending fiduciary Armageddon of (most) mutual fund share classes. For further details, see https://www.kitces.com/blog/variable-annuity-mutual-fund-share-classes-ending-under-dol-fiduciary/

6:54

Accounting For Fiduciary Funds July 2015

Accounting For Fiduciary Funds July 2015

Accounting For Fiduciary Funds July 2015

An overview of accounting for fiduciary funds of state and local governments

1:18

US-Gaap : GASB - Fiduciary Funds

US-Gaap : GASB - Fiduciary Funds

US-Gaap : GASB - Fiduciary Funds

Four types of Fiduciary funds are Pension Trust funds, Investment Trust funds, PrivatePurpose Trust funds and Agency funds. Pension trust funds are funds held in trust for payment of employee retirement and benefits. Investment trust funds are funds held in a trust when government is trustee. Private purpose trust funds are trust arrangements where principal remains intact and income generated is used for the benefits. Agency funds are funds held by government in a purely custodial capacity.
Audio - Video by SSK Advisory
Our Website : http://www.sskadvisory.com/
Subscribe to us YouTube on https://www.youtube.com/channel/UCAnTXIXnZH5vlnfxbbl47OQ?sub_confirmation=1
Like us on Facebook at https://www.facebook.com/SSKAdvisory
Follow us on Twitter at https://twitter.com/AdvisorySsk

21:30

Retirement Plans: Last Week Tonight with John Oliver (HBO)

Retirement Plans: Last Week Tonight with John Oliver (HBO)

Retirement Plans: Last Week Tonight with John Oliver (HBO)

Saving for retirement means navigating a potential minefield of high fees and bad advice. Billy Eichner and Kristin Chenoweth share some tips.
Connect with Last Week Tonight online...
Subscribe to the Last Week Tonight YouTube channel for more almost news as it almost happens: www.youtube.com/user/LastWeekTonight
Find Last Week Tonight on Facebook like your mom would:
http://Facebook.com/LastWeekTonight
Follow us on Twitter for news about jokes and jokes about news:
http://Twitter.com/LastWeekTonight
Visit our official site for all that other stuff at once:
http://www.hbo.com/lastweektonight

fiduciary

If you've ever worked in finance or accounting, or tried to invest any money, you've probably come across the word "fiduciary." Understanding what a fiduciary is, and what their responsibilities are is important if you're risking your money, as this video explains.

13:12

Fiduciary Vs Broker - Paying Fees Forever - Fiduciary Rule Explained

Fiduciary Vs Broker - Paying Fees Forever - Fiduciary Rule Explained

Fiduciary Vs Broker - Paying Fees Forever - Fiduciary Rule Explained

What is the difference between a fiduciary vs broker? The difference may not be as drastic as you think. A fiduciary is just a fancy title for someone who will have you paying fees forever, no matter how well or how awful they do. In this video, we dive into the fiduciary rule explained and exactly what makes the fiduciary relationship different than a broker. The fiduciary responsibility should be there whether you are using a fiduciary or a broker, but many times it will be up to you to find the right individual.
Let's look at the fiduciary duty. Are they going to have more information than a money manager or a broker? Do they have access to more information? No.
Let's look at a broker vs fiduciary in a little more depth.
--------------------------------------------------------------
Please Subscribe!
https://www.youtube.com/channel/UCNtQmqZlNUwzPuWmHPI_oSg?sub_confirmation=1
Visit me on the web-
http://WiseMoneyTools.com/
Follow me!
FB - https://www.facebook.com/wisemoneytools
Twitter - https://twitter.com/wisemoneytools
Google+ - https://plus.google.com/114367619155241197052
I have been involved in financial planning for over 30 years. I started out as a high volume stock broker. After working with millions of dollars I decided there had to be another way for people to earn money in the market without all the risky ups and downs that leave you where you started, or worse. After reading a ton of books I came across a book on the Infinite Banking Concept and it completely changed my life and the way I view investments. Now I focus on building wealth in safe and predictable ways, like Infinite Banking, Cash Value Life Insurance, and Indexed Annuities to name a few.
I post videos regularly so if you have any questions of comments feel free to email them to...
dan at wisemoneytools dot com

3:46

Agent for Fiduciary

Agent for Fiduciary

Agent for Fiduciary

Agent for Fiduciary is when an individual who is either serving as a trustee of a trust or as an executor or personal representative of an estate engages a third party such as U.S. Trust to assist them with the asset management and administration of that trust or estate responsibility.
Learn more: www.ustrust.com

2:46

wayne lippman Fiduciary fund

wayne lippman Fiduciary fund

wayne lippman Fiduciary fund

Used to account for funds held by Govt entity as a Trustee or Agent
Uses Accrual basis of accounting and Economic Resources measurement focus (2 Exceptions)
Only Fund Statements are prepared by Fund TypeStatement of Net Assets
Statement of Changes in Fiduciary Net Assets
Combining Statements

Like us on Facebook:
https://www.facebook.com/accountinglectures
Visit the website where you can search using a specific term:
http://www.farhatlectures.org/
Connect with Linked In:
https://www.linkedin.com/in/mansour-farhat-cpa-cia-cfe-macc-2453423a/
A fiduciary fund is used in governmental accounting to report on assets held in trust for others. When financial statements are prepared for fiduciary funds, they are presented using the economic resources measurement focus and the accrual basis of accounting. The required financial statements for a fiduciary fund are as follows:
Statement of fiduciary net position
Statement of changes in fiduciary net position
The fiduciary funds classification includes the following funds:
Agency funds. Used to report on resources held in a custodial c...

An "#OfficeHours with Michael Kitces" Periscope, looking at the impending fiduciary Armageddon of (most) mutual fund share classes. For further details, see https://www.kitces.com/blog/variable-annuity-mutual-fund-share-classes-ending-under-dol-fiduciary/

published: 22 Feb 2017

Accounting For Fiduciary Funds July 2015

An overview of accounting for fiduciary funds of state and local governments

published: 03 Jul 2015

US-Gaap : GASB - Fiduciary Funds

Four types of Fiduciary funds are Pension Trust funds, Investment Trust funds, PrivatePurpose Trust funds and Agency funds. Pension trust funds are funds held in trust for payment of employee retirement and benefits. Investment trust funds are funds held in a trust when government is trustee. Private purpose trust funds are trust arrangements where principal remains intact and income generated is used for the benefits. Agency funds are funds held by government in a purely custodial capacity.
Audio - Video by SSK Advisory
Our Website : http://www.sskadvisory.com/
Subscribe to us YouTube on https://www.youtube.com/channel/UCAnTXIXnZH5vlnfxbbl47OQ?sub_confirmation=1
Like us on Facebook at https://www.facebook.com/SSKAdvisory
Follow us on Twitter at https://twitter.com/AdvisorySsk

published: 27 May 2016

Retirement Plans: Last Week Tonight with John Oliver (HBO)

Saving for retirement means navigating a potential minefield of high fees and bad advice. Billy Eichner and Kristin Chenoweth share some tips.
Connect with Last Week Tonight online...
Subscribe to the Last Week Tonight YouTube channel for more almost news as it almost happens: www.youtube.com/user/LastWeekTonight
Find Last Week Tonight on Facebook like your mom would:
http://Facebook.com/LastWeekTonight
Follow us on Twitter for news about jokes and jokes about news:
http://Twitter.com/LastWeekTonight
Visit our official site for all that other stuff at once:
http://www.hbo.com/lastweektonight

Government & Non-Profit Accounting:
Accounting for Fiduciary Activities -
Agencies and Trust Funds (Chapter 8)
April 3rd, 2013
by ProfessorIrfanBora
This lecture is begin with an explanation of how trust funds and agency funds are used to report on the fiduciary activities of a government. Agency funds and trust funds are also compared and contrasted (for trust funds, when they are used privately, for investing, or for pensions). The purpose and applications of agency funds is also discussed, as well as the standard activities and proper financial reporting for agency funds. The purposes, proper accounting, and proper financial reporting methods for cash, investment pools, investment trust funds, private purpose trust funds, and pension trust funds. Lastly, the proper accounting ...

published: 23 May 2013

fiduciary

If you've ever worked in finance or accounting, or tried to invest any money, you've probably come across the word "fiduciary." Understanding what a fiduciary is, and what their responsibilities are is important if you're risking your money, as this video explains.

published: 27 Jul 2017

Fiduciary Vs Broker - Paying Fees Forever - Fiduciary Rule Explained

What is the difference between a fiduciary vs broker? The difference may not be as drastic as you think. A fiduciary is just a fancy title for someone who will have you paying fees forever, no matter how well or how awful they do. In this video, we dive into the fiduciary rule explained and exactly what makes the fiduciary relationship different than a broker. The fiduciary responsibility should be there whether you are using a fiduciary or a broker, but many times it will be up to you to find the right individual.
Let's look at the fiduciary duty. Are they going to have more information than a money manager or a broker? Do they have access to more information? No.
Let's look at a broker vs fiduciary in a little more depth.
-------------------------------------------------------------...

published: 22 Sep 2016

Agent for Fiduciary

Agent for Fiduciary is when an individual who is either serving as a trustee of a trust or as an executor or personal representative of an estate engages a third party such as U.S. Trust to assist them with the asset management and administration of that trust or estate responsibility.
Learn more: www.ustrust.com

published: 27 Feb 2015

wayne lippman Fiduciary fund

Used to account for funds held by Govt entity as a Trustee or Agent
Uses Accrual basis of accounting and Economic Resources measurement focus (2 Exceptions)
Only Fund Statements are prepared by Fund TypeStatement of Net Assets
Statement of Changes in Fiduciary Net Assets
Combining Statements

Like us on Facebook:
https://www.facebook.com/accountinglectures
Visit the website where you can search using a specific term:
http://www.farhatlectures.org/
...

Like us on Facebook:
https://www.facebook.com/accountinglectures
Visit the website where you can search using a specific term:
http://www.farhatlectures.org/
Connect with Linked In:
https://www.linkedin.com/in/mansour-farhat-cpa-cia-cfe-macc-2453423a/
A fiduciary fund is used in governmental accounting to report on assets held in trust for others. When financial statements are prepared for fiduciary funds, they are presented using the economic resources measurement focus and the accrual basis of accounting. The required financial statements for a fiduciary fund are as follows:
Statement of fiduciary net position
Statement of changes in fiduciary net position
The fiduciary funds classification includes the following funds:
Agency funds. Used to report on resources held in a custodial capacity, where funds are received, temporarily invested, and remitted to other parties.
Investment trust funds. Used to report the external portion of an investment pool that is reported by the sponsoring government.
Pension and employee benefit trust funds. Used to report on assets held in trust for pension plans, other post-employment benefit plans, and employee benefit plans.
Private-purpose trust funds. Used to report on trust arrangements where the individuals, private organizations, and other governments are the beneficiaries.

Like us on Facebook:
https://www.facebook.com/accountinglectures
Visit the website where you can search using a specific term:
http://www.farhatlectures.org/
Connect with Linked In:
https://www.linkedin.com/in/mansour-farhat-cpa-cia-cfe-macc-2453423a/
A fiduciary fund is used in governmental accounting to report on assets held in trust for others. When financial statements are prepared for fiduciary funds, they are presented using the economic resources measurement focus and the accrual basis of accounting. The required financial statements for a fiduciary fund are as follows:
Statement of fiduciary net position
Statement of changes in fiduciary net position
The fiduciary funds classification includes the following funds:
Agency funds. Used to report on resources held in a custodial capacity, where funds are received, temporarily invested, and remitted to other parties.
Investment trust funds. Used to report the external portion of an investment pool that is reported by the sponsoring government.
Pension and employee benefit trust funds. Used to report on assets held in trust for pension plans, other post-employment benefit plans, and employee benefit plans.
Private-purpose trust funds. Used to report on trust arrangements where the individuals, private organizations, and other governments are the beneficiaries.

An "#OfficeHours with Michael Kitces" Periscope, looking at the impending fiduciary Armageddon of (most) mutual fund share classes. For further details, see https://www.kitces.com/blog/variable-annuity-mutual-fund-share-classes-ending-under-dol-fiduciary/

An "#OfficeHours with Michael Kitces" Periscope, looking at the impending fiduciary Armageddon of (most) mutual fund share classes. For further details, see https://www.kitces.com/blog/variable-annuity-mutual-fund-share-classes-ending-under-dol-fiduciary/

Four types of Fiduciary funds are Pension Trust funds, Investment Trust funds, PrivatePurpose Trust funds and Agency funds. Pension trust funds are funds held in trust for payment of employee retirement and benefits. Investment trust funds are funds held in a trust when government is trustee. Private purpose trust funds are trust arrangements where principal remains intact and income generated is used for the benefits. Agency funds are funds held by government in a purely custodial capacity.
Audio - Video by SSK Advisory
Our Website : http://www.sskadvisory.com/
Subscribe to us YouTube on https://www.youtube.com/channel/UCAnTXIXnZH5vlnfxbbl47OQ?sub_confirmation=1
Like us on Facebook at https://www.facebook.com/SSKAdvisory
Follow us on Twitter at https://twitter.com/AdvisorySsk

Four types of Fiduciary funds are Pension Trust funds, Investment Trust funds, PrivatePurpose Trust funds and Agency funds. Pension trust funds are funds held in trust for payment of employee retirement and benefits. Investment trust funds are funds held in a trust when government is trustee. Private purpose trust funds are trust arrangements where principal remains intact and income generated is used for the benefits. Agency funds are funds held by government in a purely custodial capacity.
Audio - Video by SSK Advisory
Our Website : http://www.sskadvisory.com/
Subscribe to us YouTube on https://www.youtube.com/channel/UCAnTXIXnZH5vlnfxbbl47OQ?sub_confirmation=1
Like us on Facebook at https://www.facebook.com/SSKAdvisory
Follow us on Twitter at https://twitter.com/AdvisorySsk

Saving for retirement means navigating a potential minefield of high fees and bad advice. Billy Eichner and Kristin Chenoweth share some tips.
Connect with Last Week Tonight online...
Subscribe to the Last Week Tonight YouTube channel for more almost news as it almost happens: www.youtube.com/user/LastWeekTonight
Find Last Week Tonight on Facebook like your mom would:
http://Facebook.com/LastWeekTonight
Follow us on Twitter for news about jokes and jokes about news:
http://Twitter.com/LastWeekTonight
Visit our official site for all that other stuff at once:
http://www.hbo.com/lastweektonight

Saving for retirement means navigating a potential minefield of high fees and bad advice. Billy Eichner and Kristin Chenoweth share some tips.
Connect with Last Week Tonight online...
Subscribe to the Last Week Tonight YouTube channel for more almost news as it almost happens: www.youtube.com/user/LastWeekTonight
Find Last Week Tonight on Facebook like your mom would:
http://Facebook.com/LastWeekTonight
Follow us on Twitter for news about jokes and jokes about news:
http://Twitter.com/LastWeekTonight
Visit our official site for all that other stuff at once:
http://www.hbo.com/lastweektonight

fiduciary

If you've ever worked in finance or accounting, or tried to invest any money, you've probably come across the word "fiduciary." Understanding what a fiduciary i...

If you've ever worked in finance or accounting, or tried to invest any money, you've probably come across the word "fiduciary." Understanding what a fiduciary is, and what their responsibilities are is important if you're risking your money, as this video explains.

If you've ever worked in finance or accounting, or tried to invest any money, you've probably come across the word "fiduciary." Understanding what a fiduciary is, and what their responsibilities are is important if you're risking your money, as this video explains.

What is the difference between a fiduciary vs broker? The difference may not be as drastic as you think. A fiduciary is just a fancy title for someone who will have you paying fees forever, no matter how well or how awful they do. In this video, we dive into the fiduciary rule explained and exactly what makes the fiduciary relationship different than a broker. The fiduciary responsibility should be there whether you are using a fiduciary or a broker, but many times it will be up to you to find the right individual.
Let's look at the fiduciary duty. Are they going to have more information than a money manager or a broker? Do they have access to more information? No.
Let's look at a broker vs fiduciary in a little more depth.
--------------------------------------------------------------
Please Subscribe!
https://www.youtube.com/channel/UCNtQmqZlNUwzPuWmHPI_oSg?sub_confirmation=1
Visit me on the web-
http://WiseMoneyTools.com/
Follow me!
FB - https://www.facebook.com/wisemoneytools
Twitter - https://twitter.com/wisemoneytools
Google+ - https://plus.google.com/114367619155241197052
I have been involved in financial planning for over 30 years. I started out as a high volume stock broker. After working with millions of dollars I decided there had to be another way for people to earn money in the market without all the risky ups and downs that leave you where you started, or worse. After reading a ton of books I came across a book on the Infinite Banking Concept and it completely changed my life and the way I view investments. Now I focus on building wealth in safe and predictable ways, like Infinite Banking, Cash Value Life Insurance, and Indexed Annuities to name a few.
I post videos regularly so if you have any questions of comments feel free to email them to...
dan at wisemoneytools dot com

What is the difference between a fiduciary vs broker? The difference may not be as drastic as you think. A fiduciary is just a fancy title for someone who will have you paying fees forever, no matter how well or how awful they do. In this video, we dive into the fiduciary rule explained and exactly what makes the fiduciary relationship different than a broker. The fiduciary responsibility should be there whether you are using a fiduciary or a broker, but many times it will be up to you to find the right individual.
Let's look at the fiduciary duty. Are they going to have more information than a money manager or a broker? Do they have access to more information? No.
Let's look at a broker vs fiduciary in a little more depth.
--------------------------------------------------------------
Please Subscribe!
https://www.youtube.com/channel/UCNtQmqZlNUwzPuWmHPI_oSg?sub_confirmation=1
Visit me on the web-
http://WiseMoneyTools.com/
Follow me!
FB - https://www.facebook.com/wisemoneytools
Twitter - https://twitter.com/wisemoneytools
Google+ - https://plus.google.com/114367619155241197052
I have been involved in financial planning for over 30 years. I started out as a high volume stock broker. After working with millions of dollars I decided there had to be another way for people to earn money in the market without all the risky ups and downs that leave you where you started, or worse. After reading a ton of books I came across a book on the Infinite Banking Concept and it completely changed my life and the way I view investments. Now I focus on building wealth in safe and predictable ways, like Infinite Banking, Cash Value Life Insurance, and Indexed Annuities to name a few.
I post videos regularly so if you have any questions of comments feel free to email them to...
dan at wisemoneytools dot com

Agent for Fiduciary

Agent for Fiduciary is when an individual who is either serving as a trustee of a trust or as an executor or personal representative of an estate engages a thir...

Agent for Fiduciary is when an individual who is either serving as a trustee of a trust or as an executor or personal representative of an estate engages a third party such as U.S. Trust to assist them with the asset management and administration of that trust or estate responsibility.
Learn more: www.ustrust.com

Agent for Fiduciary is when an individual who is either serving as a trustee of a trust or as an executor or personal representative of an estate engages a third party such as U.S. Trust to assist them with the asset management and administration of that trust or estate responsibility.
Learn more: www.ustrust.com

wayne lippman Fiduciary fund

Used to account for funds held by Govt entity as a Trustee or Agent
Uses Accrual basis of accounting and Economic Resources measurement focus (2 Exceptions)
Onl...

Used to account for funds held by Govt entity as a Trustee or Agent
Uses Accrual basis of accounting and Economic Resources measurement focus (2 Exceptions)
Only Fund Statements are prepared by Fund TypeStatement of Net Assets
Statement of Changes in Fiduciary Net Assets
Combining Statements

Used to account for funds held by Govt entity as a Trustee or Agent
Uses Accrual basis of accounting and Economic Resources measurement focus (2 Exceptions)
Only Fund Statements are prepared by Fund TypeStatement of Net Assets
Statement of Changes in Fiduciary Net Assets
Combining Statements

Which of the following is a true statement regarding fiduciary funds?

Which of the following is a true statement regarding fiduciary funds? 1) Investment trust funds account for the internal portion of an investment pool, when a government is trustee for that pool. 2) Private-purpose trust funds account for resources that are administered by a government for the benefit of others, such as a fund that is held to distribute resources to local not-for-profit charities. 3) Both of the above 4) Neither of the above

published: 25 Feb 2018

Golden Years Advisors - What It Means To Be A Fiduciary

published: 22 Feb 2018

What Is A Fiduciary Fund?

Fiduciary funds are used to report assets held in a trustee or agency capacity for others and therefore cannot be used to support the governments own programs. Resources held in trust for the benefit of the agencys own programs or Texas citizenry are accounted for in a governmental fund rather than a fiduciary fund.
Fiduciary fund accountingtools
10 may 2017 a fiduciary is used in governmental accounting to report on assets held trust for others. When financial statements are prepared for fiduciary fund reporting focuses on net position and changes in. In november 2014, the governmental. Fiduciary funds government holds resources in a trust or agency capacity for the benefit of othersfunds held fiduciary. Fiduciary funds fiduciary should be used to report fund accounting wikipedia. Agen...

The Fiduciary Rule and Its Impact on Mutual Funds

BrokerEdward Jones made headlines last year with the announcement of the firm’s decision to stop offering mutual funds and ETFs in IRA’s and other retirement accounts that charge investors a commission. The firm said this move is needed in order to adhere to the compliance restrictions imposed by the new DOL Fiduciary Rule that saw it’s first implementation take place in June 2017.
According to The Wall Street Journal, Edward Jones was among the first of the major brokerage firms to lay out its plans for compliance with the new rules. LPL Financial announced shortly after that it would begin to standardize commission paid to brokers, eliminating the advantage of choosing one fund family or share class over another.
More announcements from other major players followed soon after even as un...

published: 09 Sep 2017

Strategy Update 5/31/2017 - What is a 'fiduciary'?

The Wealthy DoctorInstituteLLC is a Registered Investment Advisory where David, a double boarded diagnostic physician, combines the tools of traditional money managers, the risk mitigation techniques of active market traders, and the pattern recognition and quantitative analytic skills of diagnostic physicians into practical systems that a reasonable busy doctor can realistically implement.
For more information, go to:
http://www.wealthydoctorinstitute.com

Like us on Facebook:
https://www.facebook.com/accountinglectures
Visit the website where you can search using a specific term:
http://www.farhatlectures.org/
Connect with Linked In:
https://www.linkedin.com/in/mansour-farhat-cpa-cia-cfe-macc-2453423a/
A fiduciary fund is used in governmental accounting to report on assets held in trust for others. When financial statements are prepared for fiduciary funds, they are presented using the economic resources measurement focus and the accrual basis of accounting. The required financial statements for a fiduciary fund are as follows:
Statement of fiduciary net position
Statement of changes in fiduciary net position
The fiduciary funds classification includes the following funds:
Agency funds. Used to report on resources held in a custodial c...

published: 10 Jun 2017

Overview of Fiduciary Funds

An "#OfficeHours with Michael Kitces" Periscope, looking at the impending fiduciary Armageddon of (most) mutual fund share classes. For further details, see https://www.kitces.com/blog/variable-annuity-mutual-fund-share-classes-ending-under-dol-fiduciary/

Which of the following is a true statement regarding fiduciary funds?

Which of the following is a true statement regarding fiduciary funds? 1) Investment trust funds account for the internal portion of an investment pool, when a g...

Which of the following is a true statement regarding fiduciary funds? 1) Investment trust funds account for the internal portion of an investment pool, when a government is trustee for that pool. 2) Private-purpose trust funds account for resources that are administered by a government for the benefit of others, such as a fund that is held to distribute resources to local not-for-profit charities. 3) Both of the above 4) Neither of the above

Which of the following is a true statement regarding fiduciary funds? 1) Investment trust funds account for the internal portion of an investment pool, when a government is trustee for that pool. 2) Private-purpose trust funds account for resources that are administered by a government for the benefit of others, such as a fund that is held to distribute resources to local not-for-profit charities. 3) Both of the above 4) Neither of the above

What Is A Fiduciary Fund?

Fiduciary funds are used to report assets held in a trustee or agency capacity for others and therefore cannot be used to support the governments own programs. ...

Fiduciary funds are used to report assets held in a trustee or agency capacity for others and therefore cannot be used to support the governments own programs. Resources held in trust for the benefit of the agencys own programs or Texas citizenry are accounted for in a governmental fund rather than a fiduciary fund.
Fiduciary fund accountingtools
10 may 2017 a fiduciary is used in governmental accounting to report on assets held trust for others. When financial statements are prepared for fiduciary fund reporting focuses on net position and changes in. In november 2014, the governmental. Fiduciary funds government holds resources in a trust or agency capacity for the benefit of othersfunds held fiduciary. Fiduciary funds fiduciary should be used to report fund accounting wikipedia. Agency assets held temporarily fiduciary funds should be used to report in trustee or agency capacity for others and, therefore, cannot support the government's own fund accounting is an system recording resources whose use has been limited financial statements may further distinguish as either trust funds; A generally exists a longer period of time 3 mar 2017 statement no. However, like fiduciary funds, only the income of a permanent fund, not principal, start studying funds. Fiduciary funds are used to report assets held in a trustee or agency capacity for governments required fiduciary activities fund financial statements. Gasb proposes new guidance on fiduciary funds gfoa. Until now, standards have not been explicit about what constitutes a 30 jun 2007 fiduciary funds account for assets held in trustee or agent capacity the human services trust fund accounts miscellaneous is an with from that government holds as and it cannot use to its own programs. Fiduciary funds reporting requirements for annual financial fiduciary activities gasbwhat is a fund? Trust and agency (fiduciary) fundsfiduciary definitions defined termfiduciary. Private purpose trust funds, statement of net assets; Statement changes in fiduciary assetscategories funds. General accounting reporting requirements for annual financial us gaap gasb fiduciary funds youtube. Learn vocabulary, terms, and more with flashcards, games, other study tools july 1, 1994financial reporting principleschapter20. Accounting statement of net position (government wide and proprietary funds); Balance sheet for funds, fiduciary funds the government statements 27 mei 2016 Fiduciary fund accountingtools. 84, fiduciary activities, supersedes reporting of agency funds and replaces it with a newly coined custodial fund, and requires therefore, they are considered governmental funds, not fiduciary funds. Government or its programs a fiduciary is person who acts on behalf of another person, persons to manage similarly, investors act as principals when selecting investment fund funds are used account for assets held in trustee agency capacity others and which, therefore, cannot be support the county's own individual financial s

Fiduciary funds are used to report assets held in a trustee or agency capacity for others and therefore cannot be used to support the governments own programs. Resources held in trust for the benefit of the agencys own programs or Texas citizenry are accounted for in a governmental fund rather than a fiduciary fund.
Fiduciary fund accountingtools
10 may 2017 a fiduciary is used in governmental accounting to report on assets held trust for others. When financial statements are prepared for fiduciary fund reporting focuses on net position and changes in. In november 2014, the governmental. Fiduciary funds government holds resources in a trust or agency capacity for the benefit of othersfunds held fiduciary. Fiduciary funds fiduciary should be used to report fund accounting wikipedia. Agency assets held temporarily fiduciary funds should be used to report in trustee or agency capacity for others and, therefore, cannot support the government's own fund accounting is an system recording resources whose use has been limited financial statements may further distinguish as either trust funds; A generally exists a longer period of time 3 mar 2017 statement no. However, like fiduciary funds, only the income of a permanent fund, not principal, start studying funds. Fiduciary funds are used to report assets held in a trustee or agency capacity for governments required fiduciary activities fund financial statements. Gasb proposes new guidance on fiduciary funds gfoa. Until now, standards have not been explicit about what constitutes a 30 jun 2007 fiduciary funds account for assets held in trustee or agent capacity the human services trust fund accounts miscellaneous is an with from that government holds as and it cannot use to its own programs. Fiduciary funds reporting requirements for annual financial fiduciary activities gasbwhat is a fund? Trust and agency (fiduciary) fundsfiduciary definitions defined termfiduciary. Private purpose trust funds, statement of net assets; Statement changes in fiduciary assetscategories funds. General accounting reporting requirements for annual financial us gaap gasb fiduciary funds youtube. Learn vocabulary, terms, and more with flashcards, games, other study tools july 1, 1994financial reporting principleschapter20. Accounting statement of net position (government wide and proprietary funds); Balance sheet for funds, fiduciary funds the government statements 27 mei 2016 Fiduciary fund accountingtools. 84, fiduciary activities, supersedes reporting of agency funds and replaces it with a newly coined custodial fund, and requires therefore, they are considered governmental funds, not fiduciary funds. Government or its programs a fiduciary is person who acts on behalf of another person, persons to manage similarly, investors act as principals when selecting investment fund funds are used account for assets held in trustee agency capacity others and which, therefore, cannot be support the county's own individual financial s

https://goo.gl/6U6t22 - Subscribe For more Videos !
For more Health Tips | Like | Comment | Share :
▷ CONNECT with us!! #HealthDiaries
► YOUTUBE - https://goo.gl/6U6t22
► Facebook - https://goo.gl/uTP7zG
► Twitter - https://twitter.com/JuliyaLucy
► G+ Community - https://goo.gl/AfUDpR
► Google + - https://goo.gl/3rcniv
► Visit us - http://healthaware.in/
► Blogger - https://juliyalucy.blogspot.in/
Watch for more Health Videos:
► How To Avoid UnwantedPregnancyNaturally: https://goo.gl/hRy93e
► PeriodHacks || How To Stop Your PeriodsEarly: https://goo.gl/dSmFgi
► Cold and Flu HomeRemedies: https://goo.gl/biPp8b
► Homemade Facial Packs: https://goo.gl/NwV5zj
► How To LoseBelly Fat In 7 Days: https://goo.gl/EHN879
► Powerfull Foods for Control #Diabetes: https://goo.gl/9SdaLY
► NaturalHandCare Tips At Home That Work: https://goo.gl/YF3Exa
► How to Tighten #SaggingBreast: https://goo.gl/ENnb6b
► Natural FacePack For InstantGlowingSkin: https://goo.gl/gvd5mM
► Get Rid of StretchMarksFast & Permanently: https://goo.gl/ZVYvQZ
► EatingBananas with BlackSpots: https://goo.gl/gXuri6
► Drink this Juice every day to Cure #Thyroid in 3 Days: https://goo.gl/L3537H
► How Garlic Improves SexualStamina? https://goo.gl/GNcbYU
► Benefits of using Egg Shells: https://goo.gl/hAUyUS
► Home Remedies to GainWeight Fast: https://goo.gl/jBVVQh
► Amazing Benefits of Olive Oil for Health: https://goo.gl/R3583v
► RapidRelief of Chest Pain (Angina): https://goo.gl/idAFZR
► Home Remedies for Joint & Arthritis Pains Relief: https://goo.gl/jRbNkh
► SHOCKING TRICKs For #Diabetes Control: https://goo.gl/ATDDsV
► Doctors Are Shocked! #Diabetics: https://goo.gl/ZeQddJ
► Home Remedies for Gastric Troubles: https://goo.gl/72VR1b
► Juice for #Diabetics Type 2: https://goo.gl/3vDMqR
---------
Private-purpose trust funds are used to report trust arrangements, other than pension and investment trusts, under which principal and income benefit individuals, private organizations, or other governments. A brief description of each fund follows: JA.
Trust and agency funds private purpose pierce county. Please reimburse the accounts monthly investment trust fundsagency fundsstatement of fiduciary net assets. Lake tapps task force to account for other objectives of this project include assessing whether additional guidance should be developed (1) clarify the difference between a private purpose trust fund and an agency fund, (2) business type activity engaging in fiduciary activities present financial statements, (3) reporting. Note since these funds benefit outside parties instead of the government itself, they are not included in wide statements fund 72this is used to account for gifts and donations specified private individuals organizations under control school board. Permanent funds the permanent fund classification is used to account for resources that are. Statement of changes in fiduciary net assets. What is the distinction between private purpose trust funds and definitions of fund types roll up. Project pages fiduciary activities gasb. Forfeited bonds to account for forfeited performance. The trust fund imprest account is treated just like asb's. The three types of trust funds are used to report resources held and administered by the agency when it is acting in a fiduciary capacity for individuals, private organizations 22 jun 2006 nonexpendable fundsno corresponding fund typeno typedefinitions new classifications. Fund 72 private purpose trust fund ecasd. Tax, audit and advisory services. Chapter 7 fiduciary funds should be used to report business services accounting private purpose trustprivate trust fund ecasd. Office of financial private purpose trust funds. Investments of private purpose trust funds are valued. Fund classifications national center for education statistics u. Private purpose trust funds are used to report arrangements, other than pension and investment trusts, under which principal income benefit individuals, private organizations, or governments. 265 of the michigan compiled laws and is used to account for unclaimed property held by the state until claimed by the rightful owners. Each middle school has a $250 account and each high at bank of america that is reimbursed by business services. Private purpose trust funds are governmental fund types; Permanent fiduciary types d. Close this window these funds account for assets held by a school district in trustee capacity others (e. Private purpose trust funds, such as a fund used to report escheat property, should be all other arrangements under which principal and income benefit individuals, private organizations, or governments. A brief description of each fund follows new fiduciary activities guidance issued for governmentsnew has been by the governmental accounti

https://goo.gl/6U6t22 - Subscribe For more Videos !
For more Health Tips | Like | Comment | Share :
▷ CONNECT with us!! #HealthDiaries
► YOUTUBE - https://goo.gl/6U6t22
► Facebook - https://goo.gl/uTP7zG
► Twitter - https://twitter.com/JuliyaLucy
► G+ Community - https://goo.gl/AfUDpR
► Google + - https://goo.gl/3rcniv
► Visit us - http://healthaware.in/
► Blogger - https://juliyalucy.blogspot.in/
Watch for more Health Videos:
► How To Avoid UnwantedPregnancyNaturally: https://goo.gl/hRy93e
► PeriodHacks || How To Stop Your PeriodsEarly: https://goo.gl/dSmFgi
► Cold and Flu HomeRemedies: https://goo.gl/biPp8b
► Homemade Facial Packs: https://goo.gl/NwV5zj
► How To LoseBelly Fat In 7 Days: https://goo.gl/EHN879
► Powerfull Foods for Control #Diabetes: https://goo.gl/9SdaLY
► NaturalHandCare Tips At Home That Work: https://goo.gl/YF3Exa
► How to Tighten #SaggingBreast: https://goo.gl/ENnb6b
► Natural FacePack For InstantGlowingSkin: https://goo.gl/gvd5mM
► Get Rid of StretchMarksFast & Permanently: https://goo.gl/ZVYvQZ
► EatingBananas with BlackSpots: https://goo.gl/gXuri6
► Drink this Juice every day to Cure #Thyroid in 3 Days: https://goo.gl/L3537H
► How Garlic Improves SexualStamina? https://goo.gl/GNcbYU
► Benefits of using Egg Shells: https://goo.gl/hAUyUS
► Home Remedies to GainWeight Fast: https://goo.gl/jBVVQh
► Amazing Benefits of Olive Oil for Health: https://goo.gl/R3583v
► RapidRelief of Chest Pain (Angina): https://goo.gl/idAFZR
► Home Remedies for Joint & Arthritis Pains Relief: https://goo.gl/jRbNkh
► SHOCKING TRICKs For #Diabetes Control: https://goo.gl/ATDDsV
► Doctors Are Shocked! #Diabetics: https://goo.gl/ZeQddJ
► Home Remedies for Gastric Troubles: https://goo.gl/72VR1b
► Juice for #Diabetics Type 2: https://goo.gl/3vDMqR
---------
Private-purpose trust funds are used to report trust arrangements, other than pension and investment trusts, under which principal and income benefit individuals, private organizations, or other governments. A brief description of each fund follows: JA.
Trust and agency funds private purpose pierce county. Please reimburse the accounts monthly investment trust fundsagency fundsstatement of fiduciary net assets. Lake tapps task force to account for other objectives of this project include assessing whether additional guidance should be developed (1) clarify the difference between a private purpose trust fund and an agency fund, (2) business type activity engaging in fiduciary activities present financial statements, (3) reporting. Note since these funds benefit outside parties instead of the government itself, they are not included in wide statements fund 72this is used to account for gifts and donations specified private individuals organizations under control school board. Permanent funds the permanent fund classification is used to account for resources that are. Statement of changes in fiduciary net assets. What is the distinction between private purpose trust funds and definitions of fund types roll up. Project pages fiduciary activities gasb. Forfeited bonds to account for forfeited performance. The trust fund imprest account is treated just like asb's. The three types of trust funds are used to report resources held and administered by the agency when it is acting in a fiduciary capacity for individuals, private organizations 22 jun 2006 nonexpendable fundsno corresponding fund typeno typedefinitions new classifications. Fund 72 private purpose trust fund ecasd. Tax, audit and advisory services. Chapter 7 fiduciary funds should be used to report business services accounting private purpose trustprivate trust fund ecasd. Office of financial private purpose trust funds. Investments of private purpose trust funds are valued. Fund classifications national center for education statistics u. Private purpose trust funds are used to report arrangements, other than pension and investment trusts, under which principal income benefit individuals, private organizations, or governments. 265 of the michigan compiled laws and is used to account for unclaimed property held by the state until claimed by the rightful owners. Each middle school has a $250 account and each high at bank of america that is reimbursed by business services. Private purpose trust funds are governmental fund types; Permanent fiduciary types d. Close this window these funds account for assets held by a school district in trustee capacity others (e. Private purpose trust funds, such as a fund used to report escheat property, should be all other arrangements under which principal and income benefit individuals, private organizations, or governments. A brief description of each fund follows new fiduciary activities guidance issued for governmentsnew has been by the governmental accounti

The Fiduciary Rule and Its Impact on Mutual Funds

BrokerEdward Jones made headlines last year with the announcement of the firm’s decision to stop offering mutual funds and ETFs in IRA’s and other retirement a...

BrokerEdward Jones made headlines last year with the announcement of the firm’s decision to stop offering mutual funds and ETFs in IRA’s and other retirement accounts that charge investors a commission. The firm said this move is needed in order to adhere to the compliance restrictions imposed by the new DOL Fiduciary Rule that saw it’s first implementation take place in June 2017.
According to The Wall Street Journal, Edward Jones was among the first of the major brokerage firms to lay out its plans for compliance with the new rules. LPL Financial announced shortly after that it would begin to standardize commission paid to brokers, eliminating the advantage of choosing one fund family or share class over another.
More announcements from other major players followed soon after even as uncertainty around the fiduciary rule continued. Here's how the rule impacts mutual funds and retirement savings. (For more, see: Making the New Fiduciary Rule Clear for Clients.)
Why No Mutual Funds?
One of the biggest tasks that all brokerage and advisory firms are going to face is the need to justify variable compensation under the new fiduciary rules. In the case of Edward Jones, the variable compensation can include front-loaded A shares, C shares with their level back-end loads, and differing prices for different fund share classes. One of the many requirements of the new rules is that brokers will have to justify the varying commissions of products they recommend versus other products that they could have recommended for a retirement saver.
Selling mutual funds with commissions or other forms of variable compensation will require advisors to provide clients with a Best Interest Contract Exemption (BICE) disclosure to sign. It is likely that many brokers and financial advisors will try to avoid this conversation and the questions the BICE form might raise with clients. This is most likely one of the motivating factors behind the decision that Edward Jones made.
Implications for Savers
According to The Wall Street Journal, in 2016 Edward Jones managed some four million retirement accounts. Undoubtedly, many are owned by smaller investors who make very few trades each year, and taking away the option of using mutual funds or ETFs drastically limits their options. These existing account holders can retain their current holdings via the grandfathering provision of the fiduciary rule. However, new purchases since the rule began to take effect on June 9, 2017 will fall under the new rules already being implemented by Edward Jones.
One alternative for clients is to move to a fee-based account that charges an AUM-based fee. For clients who trade infrequently, these accounts could drastically increase their investing cost. For brokers at firms like Edward Jones, these fee-based accounts can be a source of a nice payday for doing very little in the way of providing advice. Time will tell whether a majority of clients will opt for the fee-based account o

BrokerEdward Jones made headlines last year with the announcement of the firm’s decision to stop offering mutual funds and ETFs in IRA’s and other retirement accounts that charge investors a commission. The firm said this move is needed in order to adhere to the compliance restrictions imposed by the new DOL Fiduciary Rule that saw it’s first implementation take place in June 2017.
According to The Wall Street Journal, Edward Jones was among the first of the major brokerage firms to lay out its plans for compliance with the new rules. LPL Financial announced shortly after that it would begin to standardize commission paid to brokers, eliminating the advantage of choosing one fund family or share class over another.
More announcements from other major players followed soon after even as uncertainty around the fiduciary rule continued. Here's how the rule impacts mutual funds and retirement savings. (For more, see: Making the New Fiduciary Rule Clear for Clients.)
Why No Mutual Funds?
One of the biggest tasks that all brokerage and advisory firms are going to face is the need to justify variable compensation under the new fiduciary rules. In the case of Edward Jones, the variable compensation can include front-loaded A shares, C shares with their level back-end loads, and differing prices for different fund share classes. One of the many requirements of the new rules is that brokers will have to justify the varying commissions of products they recommend versus other products that they could have recommended for a retirement saver.
Selling mutual funds with commissions or other forms of variable compensation will require advisors to provide clients with a Best Interest Contract Exemption (BICE) disclosure to sign. It is likely that many brokers and financial advisors will try to avoid this conversation and the questions the BICE form might raise with clients. This is most likely one of the motivating factors behind the decision that Edward Jones made.
Implications for Savers
According to The Wall Street Journal, in 2016 Edward Jones managed some four million retirement accounts. Undoubtedly, many are owned by smaller investors who make very few trades each year, and taking away the option of using mutual funds or ETFs drastically limits their options. These existing account holders can retain their current holdings via the grandfathering provision of the fiduciary rule. However, new purchases since the rule began to take effect on June 9, 2017 will fall under the new rules already being implemented by Edward Jones.
One alternative for clients is to move to a fee-based account that charges an AUM-based fee. For clients who trade infrequently, these accounts could drastically increase their investing cost. For brokers at firms like Edward Jones, these fee-based accounts can be a source of a nice payday for doing very little in the way of providing advice. Time will tell whether a majority of clients will opt for the fee-based account o

The Wealthy DoctorInstituteLLC is a Registered Investment Advisory where David, a double boarded diagnostic physician, combines the tools of traditional money managers, the risk mitigation techniques of active market traders, and the pattern recognition and quantitative analytic skills of diagnostic physicians into practical systems that a reasonable busy doctor can realistically implement.
For more information, go to:
http://www.wealthydoctorinstitute.com

The Wealthy DoctorInstituteLLC is a Registered Investment Advisory where David, a double boarded diagnostic physician, combines the tools of traditional money managers, the risk mitigation techniques of active market traders, and the pattern recognition and quantitative analytic skills of diagnostic physicians into practical systems that a reasonable busy doctor can realistically implement.
For more information, go to:
http://www.wealthydoctorinstitute.com

Like us on Facebook:
https://www.facebook.com/accountinglectures
Visit the website where you can search using a specific term:
http://www.farhatlectures.org/
...

Like us on Facebook:
https://www.facebook.com/accountinglectures
Visit the website where you can search using a specific term:
http://www.farhatlectures.org/
Connect with Linked In:
https://www.linkedin.com/in/mansour-farhat-cpa-cia-cfe-macc-2453423a/
A fiduciary fund is used in governmental accounting to report on assets held in trust for others. When financial statements are prepared for fiduciary funds, they are presented using the economic resources measurement focus and the accrual basis of accounting. The required financial statements for a fiduciary fund are as follows:
Statement of fiduciary net position
Statement of changes in fiduciary net position
The fiduciary funds classification includes the following funds:
Agency funds. Used to report on resources held in a custodial capacity, where funds are received, temporarily invested, and remitted to other parties.
Investment trust funds. Used to report the external portion of an investment pool that is reported by the sponsoring government.
Pension and employee benefit trust funds. Used to report on assets held in trust for pension plans, other post-employment benefit plans, and employee benefit plans.
Private-purpose trust funds. Used to report on trust arrangements where the individuals, private organizations, and other governments are the beneficiaries.

Like us on Facebook:
https://www.facebook.com/accountinglectures
Visit the website where you can search using a specific term:
http://www.farhatlectures.org/
Connect with Linked In:
https://www.linkedin.com/in/mansour-farhat-cpa-cia-cfe-macc-2453423a/
A fiduciary fund is used in governmental accounting to report on assets held in trust for others. When financial statements are prepared for fiduciary funds, they are presented using the economic resources measurement focus and the accrual basis of accounting. The required financial statements for a fiduciary fund are as follows:
Statement of fiduciary net position
Statement of changes in fiduciary net position
The fiduciary funds classification includes the following funds:
Agency funds. Used to report on resources held in a custodial capacity, where funds are received, temporarily invested, and remitted to other parties.
Investment trust funds. Used to report the external portion of an investment pool that is reported by the sponsoring government.
Pension and employee benefit trust funds. Used to report on assets held in trust for pension plans, other post-employment benefit plans, and employee benefit plans.
Private-purpose trust funds. Used to report on trust arrangements where the individuals, private organizations, and other governments are the beneficiaries.

An "#OfficeHours with Michael Kitces" Periscope, looking at the impending fiduciary Armageddon of (most) mutual fund share classes. For further details, see https://www.kitces.com/blog/variable-annuity-mutual-fund-share-classes-ending-under-dol-fiduciary/

An "#OfficeHours with Michael Kitces" Periscope, looking at the impending fiduciary Armageddon of (most) mutual fund share classes. For further details, see https://www.kitces.com/blog/variable-annuity-mutual-fund-share-classes-ending-under-dol-fiduciary/

Retirement Plans: Last Week Tonight with John Oliver (HBO)

Saving for retirement means navigating a potential minefield of high fees and bad advice. Billy Eichner and Kristin Chenoweth share some tips.
Connect with Last Week Tonight online...
Subscribe to the Last Week Tonight YouTube channel for more almost news as it almost happens: www.youtube.com/user/LastWeekTonight
Find Last Week Tonight on Facebook like your mom would:
http://Facebook.com/LastWeekTonight
Follow us on Twitter for news about jokes and jokes about news:
http://Twitter.com/LastWeekTonight
Visit our official site for all that other stuff at once:
http://www.hbo.com/lastweektonight

Government & Non-Profit Accounting:
Accounting for Fiduciary Activities -
Agencies and Trust Funds (Chapter 8)
April 3rd, 2013
by ProfessorIrfanBora
This lecture is begin with an explanation of how trust funds and agency funds are used to report on the fiduciary activities of a government. Agency funds and trust funds are also compared and contrasted (for trust funds, when they are used privately, for investing, or for pensions). The purpose and applications of agency funds is also discussed, as well as the standard activities and proper financial reporting for agency funds. The purposes, proper accounting, and proper financial reporting methods for cash, investment pools, investment trust funds, private purpose trust funds, and pension trust funds. Lastly, the proper accounting ...

published: 23 May 2013

Government Funds

Please like our Facebook page at https://www.facebook.com/rutgersweb
To watch the entire video, go to https://www.youtube.com/watch?v=ThRGdw2NiR4 Video Summary:
After giving a brief overview of the learning objectives of the chapter, the measurement focus is outlined (including the difference between operational and fiscal accountability). The modified accrual basis of accounting and accrual basis of accounting are also compared and contrasted. Following that, the primary activities of the government are discussed as well as the two basic sets of financial statements involved (government-wide and fund financial statements). Funds are also defined, as well as the different categories of funds (governmental funds, proprietary funds, and fiduciary funds) - however, governmental funds are fo...

published: 16 Jul 2015

The Rise of the Fiduciary State: A Survey of Sovereign Wealth Fund Research

John Bogle: Investing in Index Funds and Vanguard

An interview with John C. Bogle, the founder and former CEO of The Vanguard Group. In this interview John discusses actively managed funds and index, arguing why index are superior. John also covers what the non professional should do with his money to get the best investment. 📚 Books by John Bogle and his favourite books are located at the bottom of the description❗
Like if you enjoyed
Subscribe for more:http://bit.ly/InvestorsArchive
Follow us on twitter:http://bit.ly/TwitterIA
VideoSegments:
0:00 Introduction
0:24 What was Vanguard like in 1974?
4:23 Are there people trying to confuse others?
5:26 Diminishment of long term investing
6:36 Anything good about trading?
7:09 What motivating high turnover in portfolio?
8:23 Any active managers doing the right thing?
10:53 How does...

published: 19 Jan 2017

Strategy Update 5/31/2017 - What is a 'fiduciary'?

The Wealthy DoctorInstituteLLC is a Registered Investment Advisory where David, a double boarded diagnostic physician, combines the tools of traditional money managers, the risk mitigation techniques of active market traders, and the pattern recognition and quantitative analytic skills of diagnostic physicians into practical systems that a reasonable busy doctor can realistically implement.
For more information, go to:
http://www.wealthydoctorinstitute.com

published: 05 Jul 2017

Fiduciary

A fiduciary is a legal or ethical relationship of trust between two or more parties. Typically, a fiduciary prudently takes care of money for another person. One party, for example a corporate trust company or the trust department of a bank, acts in a fiduciary capacity to the other one, who for example has entrusted funds to the fiduciary for safekeeping or investment. Likewise, asset managers—including managers of pension plans, endowments and other tax-exempt assets—are considered fiduciaries under applicable statutes and laws. In a fiduciary relationship, one person, in a position of vulnerability, justifiably vests confidence, good faith, reliance, and trust in another whose aid, advice or protection is sought in some matter. In such a relation good conscience requires the fiduciary t...

Debt Buyers: Last Week Tonight with John Oliver (HBO)

Companies that purchase debt cheaply then collect it aggressively are shockingly easy to start. We can prove it!
Connect with Last Week Tonight online...
Subscribe to the Last Week Tonight YouTube channel for more almost news as it almost happens: www.youtube.com/user/LastWeekTonight
Find Last Week Tonight on Facebook like your mom would:
http://Facebook.com/LastWeekTonight
Follow us on Twitter for news about jokes and jokes about news:
http://Twitter.com/LastWeekTonight
Visit our official site for all that other stuff at once:
http://www.hbo.com/lastweektonight

published: 06 Jun 2016

Gov't & Not For Profit Accounting - Proprietary Funds

Government & Not For ProfitAccounting:
Lecture 1 (continued): Proprietary Funds
by ProfessorIrfanBora (Spring2012)
(Chapter 2)
Continuing the discussion that began in the previous lecture, proprietary and fiduciary funds are explained (as well as the different types of funds within each general category). Following that, major funds are also covered, and an in-class exercise is covered to help better understand the underlying concepts. Capital assets are then discussed, as well as how to properly report, value, and depreciate them. Finally, after a brief review of the concepts discussed in the chapter, several in-class exercises are performed.
NOTE: To see the exercises when they are displayed,
it is recommended to switch to HD quality (1080p) and
use full screen mode.
Questi...

published: 11 Jun 2015

Accounting for Internal service funds proprietary funds cpa exam FAR

Like us on Facebook:
https://www.facebook.com/accountinglectures
Visit the website where you can search using a specific term:
http://www.farhatlectures.org/
Connect with Linked In:
https://www.linkedin.com/in/mansour-farhat-cpa-cia-cfe-macc-2453423a/
Internal service fund, internal service funds, restricted net position, net investment in capital asset, unrestricted net position

published: 27 Jul 2017

Complying with your fiduciary duty International and Canadian perspective

Saving for retirement means navigating a potential minefield of high fees and bad advice. Billy Eichner and Kristin Chenoweth share some tips.
Connect with Last Week Tonight online...
Subscribe to the Last Week Tonight YouTube channel for more almost news as it almost happens: www.youtube.com/user/LastWeekTonight
Find Last Week Tonight on Facebook like your mom would:
http://Facebook.com/LastWeekTonight
Follow us on Twitter for news about jokes and jokes about news:
http://Twitter.com/LastWeekTonight
Visit our official site for all that other stuff at once:
http://www.hbo.com/lastweektonight

Saving for retirement means navigating a potential minefield of high fees and bad advice. Billy Eichner and Kristin Chenoweth share some tips.
Connect with Last Week Tonight online...
Subscribe to the Last Week Tonight YouTube channel for more almost news as it almost happens: www.youtube.com/user/LastWeekTonight
Find Last Week Tonight on Facebook like your mom would:
http://Facebook.com/LastWeekTonight
Follow us on Twitter for news about jokes and jokes about news:
http://Twitter.com/LastWeekTonight
Visit our official site for all that other stuff at once:
http://www.hbo.com/lastweektonight

Please like our Facebook page at https://www.facebook.com/rutgersweb
To watch the entire video, go to https://www.youtube.com/watch?v=ThRGdw2NiR4 Video Summary:
After giving a brief overview of the learning objectives of the chapter, the measurement focus is outlined (including the difference between operational and fiscal accountability). The modified accrual basis of accounting and accrual basis of accounting are also compared and contrasted. Following that, the primary activities of the government are discussed as well as the two basic sets of financial statements involved (government-wide and fund financial statements). Funds are also defined, as well as the different categories of funds (governmental funds, proprietary funds, and fiduciary funds) - however, governmental funds are focused on the most during this lecture. Lastly, the dual effect of capital and related transactions is explained (including in-depth journal entries).
To receive additional updates regarding our library please subscribe to our mailing list using the following link:
http://rbx.business.rutgers.edu/subscribe.html

Please like our Facebook page at https://www.facebook.com/rutgersweb
To watch the entire video, go to https://www.youtube.com/watch?v=ThRGdw2NiR4 Video Summary:
After giving a brief overview of the learning objectives of the chapter, the measurement focus is outlined (including the difference between operational and fiscal accountability). The modified accrual basis of accounting and accrual basis of accounting are also compared and contrasted. Following that, the primary activities of the government are discussed as well as the two basic sets of financial statements involved (government-wide and fund financial statements). Funds are also defined, as well as the different categories of funds (governmental funds, proprietary funds, and fiduciary funds) - however, governmental funds are focused on the most during this lecture. Lastly, the dual effect of capital and related transactions is explained (including in-depth journal entries).
To receive additional updates regarding our library please subscribe to our mailing list using the following link:
http://rbx.business.rutgers.edu/subscribe.html

published:16 Jul 2015

views:3522

back

The Rise of the Fiduciary State: A Survey of Sovereign Wealth Fund Research

An interview with John C. Bogle, the founder and former CEO of The Vanguard Group. In this interview John discusses actively managed funds and index, arguing why index are superior. John also covers what the non professional should do with his money to get the best investment. 📚 Books by John Bogle and his favourite books are located at the bottom of the description❗
Like if you enjoyed
Subscribe for more:http://bit.ly/InvestorsArchive
Follow us on twitter:http://bit.ly/TwitterIA
VideoSegments:
0:00 Introduction
0:24 What was Vanguard like in 1974?
4:23 Are there people trying to confuse others?
5:26 Diminishment of long term investing
6:36 Anything good about trading?
7:09 What motivating high turnover in portfolio?
8:23 Any active managers doing the right thing?
10:53 How does a index fund work?
12:25 Is weighting by capitalisation a bad idea?
15:14 How many funds should a individual own?
20:09 Are you 84% in bonds?
22:30 Financial advice business
28:10 Fiduciary vs Salesman
32:44 When should a individual buy stocks
38:56 Have you ever bought individual stocks?
39:52 Appropriate amount of time to hold a bad investment
42:44 When should someone own a load fund?
44:00 Unified fiduciary standard?
46:11 Cultural features of Vanguard?
51:11 Lessons in succession
52:51 Optimistic for the future of Vanguard?
55:52 How are you spending your time now?
John Bogle books 🇺🇸📈 (affiliate link)
The Little Book of Common Sense Investing:http://bit.ly/BookOfCommonSense
Common Sense on Mutual Funds:http://bit.ly/CommonSenseMutualFunds
Enough:http://bit.ly/EnoughJB
The Clash of the Cultures:http://bit.ly/ClashofCulture
John Bogle’s Favourite Books🔥
The Intelligent Investor:http://bit.ly/TIIBG
A RandomWalkDownWall Street:http://bit.ly/ARandomWalk
InterviewDate: 19th November2013Event: Motley FoolSpecial Interview
OriginalImageSource:http://bit.ly/JCBogle
Investors Archive has videos of all the Investing/Business/Economic/Finance masters. Learn from their wisdom for free in one place.
For more check out the channel.
Remember to subscribe, share, comment and like!
No advertising.

An interview with John C. Bogle, the founder and former CEO of The Vanguard Group. In this interview John discusses actively managed funds and index, arguing why index are superior. John also covers what the non professional should do with his money to get the best investment. 📚 Books by John Bogle and his favourite books are located at the bottom of the description❗
Like if you enjoyed
Subscribe for more:http://bit.ly/InvestorsArchive
Follow us on twitter:http://bit.ly/TwitterIA
VideoSegments:
0:00 Introduction
0:24 What was Vanguard like in 1974?
4:23 Are there people trying to confuse others?
5:26 Diminishment of long term investing
6:36 Anything good about trading?
7:09 What motivating high turnover in portfolio?
8:23 Any active managers doing the right thing?
10:53 How does a index fund work?
12:25 Is weighting by capitalisation a bad idea?
15:14 How many funds should a individual own?
20:09 Are you 84% in bonds?
22:30 Financial advice business
28:10 Fiduciary vs Salesman
32:44 When should a individual buy stocks
38:56 Have you ever bought individual stocks?
39:52 Appropriate amount of time to hold a bad investment
42:44 When should someone own a load fund?
44:00 Unified fiduciary standard?
46:11 Cultural features of Vanguard?
51:11 Lessons in succession
52:51 Optimistic for the future of Vanguard?
55:52 How are you spending your time now?
John Bogle books 🇺🇸📈 (affiliate link)
The Little Book of Common Sense Investing:http://bit.ly/BookOfCommonSense
Common Sense on Mutual Funds:http://bit.ly/CommonSenseMutualFunds
Enough:http://bit.ly/EnoughJB
The Clash of the Cultures:http://bit.ly/ClashofCulture
John Bogle’s Favourite Books🔥
The Intelligent Investor:http://bit.ly/TIIBG
A RandomWalkDownWall Street:http://bit.ly/ARandomWalk
InterviewDate: 19th November2013Event: Motley FoolSpecial Interview
OriginalImageSource:http://bit.ly/JCBogle
Investors Archive has videos of all the Investing/Business/Economic/Finance masters. Learn from their wisdom for free in one place.
For more check out the channel.
Remember to subscribe, share, comment and like!
No advertising.

The Wealthy DoctorInstituteLLC is a Registered Investment Advisory where David, a double boarded diagnostic physician, combines the tools of traditional money managers, the risk mitigation techniques of active market traders, and the pattern recognition and quantitative analytic skills of diagnostic physicians into practical systems that a reasonable busy doctor can realistically implement.
For more information, go to:
http://www.wealthydoctorinstitute.com

The Wealthy DoctorInstituteLLC is a Registered Investment Advisory where David, a double boarded diagnostic physician, combines the tools of traditional money managers, the risk mitigation techniques of active market traders, and the pattern recognition and quantitative analytic skills of diagnostic physicians into practical systems that a reasonable busy doctor can realistically implement.
For more information, go to:
http://www.wealthydoctorinstitute.com

Fiduciary

A fiduciary is a legal or ethical relationship of trust between two or more parties. Typically, a fiduciary prudently takes care of money for another person. On...

A fiduciary is a legal or ethical relationship of trust between two or more parties. Typically, a fiduciary prudently takes care of money for another person. One party, for example a corporate trust company or the trust department of a bank, acts in a fiduciary capacity to the other one, who for example has entrusted funds to the fiduciary for safekeeping or investment. Likewise, asset managers—including managers of pension plans, endowments and other tax-exempt assets—are considered fiduciaries under applicable statutes and laws. In a fiduciary relationship, one person, in a position of vulnerability, justifiably vests confidence, good faith, reliance, and trust in another whose aid, advice or protection is sought in some matter. In such a relation good conscience requires the fiduciary to act at all times for the sole benefit and interest of the one who trusts.
A fiduciary is someone who has undertaken to act for and on behalf of another in a particular matter in circumstances which give rise to a relationship of trust and confidence.
This video is targeted to blind users.
Attribution:
Article text available under CC-BY-SACreative Commons image source in video

A fiduciary is a legal or ethical relationship of trust between two or more parties. Typically, a fiduciary prudently takes care of money for another person. One party, for example a corporate trust company or the trust department of a bank, acts in a fiduciary capacity to the other one, who for example has entrusted funds to the fiduciary for safekeeping or investment. Likewise, asset managers—including managers of pension plans, endowments and other tax-exempt assets—are considered fiduciaries under applicable statutes and laws. In a fiduciary relationship, one person, in a position of vulnerability, justifiably vests confidence, good faith, reliance, and trust in another whose aid, advice or protection is sought in some matter. In such a relation good conscience requires the fiduciary to act at all times for the sole benefit and interest of the one who trusts.
A fiduciary is someone who has undertaken to act for and on behalf of another in a particular matter in circumstances which give rise to a relationship of trust and confidence.
This video is targeted to blind users.
Attribution:
Article text available under CC-BY-SACreative Commons image source in video

Companies that purchase debt cheaply then collect it aggressively are shockingly easy to start. We can prove it!
Connect with Last Week Tonight online...
Subscribe to the Last Week Tonight YouTube channel for more almost news as it almost happens: www.youtube.com/user/LastWeekTonight
Find Last Week Tonight on Facebook like your mom would:
http://Facebook.com/LastWeekTonight
Follow us on Twitter for news about jokes and jokes about news:
http://Twitter.com/LastWeekTonight
Visit our official site for all that other stuff at once:
http://www.hbo.com/lastweektonight

Companies that purchase debt cheaply then collect it aggressively are shockingly easy to start. We can prove it!
Connect with Last Week Tonight online...
Subscribe to the Last Week Tonight YouTube channel for more almost news as it almost happens: www.youtube.com/user/LastWeekTonight
Find Last Week Tonight on Facebook like your mom would:
http://Facebook.com/LastWeekTonight
Follow us on Twitter for news about jokes and jokes about news:
http://Twitter.com/LastWeekTonight
Visit our official site for all that other stuff at once:
http://www.hbo.com/lastweektonight

Accounting for Internal service funds proprietary funds cpa exam FAR

Like us on Facebook:
https://www.facebook.com/accountinglectures
Visit the website where you can search using a specific term:
http://www.farhatlectures.org/
...

Like us on Facebook:
https://www.facebook.com/accountinglectures
Visit the website where you can search using a specific term:
http://www.farhatlectures.org/
Connect with Linked In:
https://www.linkedin.com/in/mansour-farhat-cpa-cia-cfe-macc-2453423a/
Internal service fund, internal service funds, restricted net position, net investment in capital asset, unrestricted net position

Like us on Facebook:
https://www.facebook.com/accountinglectures
Visit the website where you can search using a specific term:
http://www.farhatlectures.org/
Connect with Linked In:
https://www.linkedin.com/in/mansour-farhat-cpa-cia-cfe-macc-2453423a/
Internal service fund, internal service funds, restricted net position, net investment in capital asset, unrestricted net position

published:27 Jul 2017

views:236

back

Complying with your fiduciary duty International and Canadian perspective

Like us on Facebook:
https://www.facebook.com/accountinglectures
Visit the website where you can search using a specific term:
http://www.farhatlectures.org/
Connect with Linked In:
https://www.linkedin.com/in/mansour-farhat-cpa-cia-cfe-macc-2453423a/
A fiduciary fund is used in governmental accounting to report on assets held in trust for others. When financial statements are prepared for fiduciary funds, they are presented using the economic resources measurement focus and the accrual basis of accounting. The required financial statements for a fiduciary fund are as follows:
Statement of fiduciary net position
Statement of changes in fiduciary net position
The fiduciary funds classification includes the following funds:
Agency funds. Used to report on resources held in a custodial capacity, where funds are received, temporarily invested, and remitted to other parties.
Investment trust funds. Used to report the external portion of an investment pool that is reported by the sponsoring government.
Pension and employee benefit trust funds. Used to report on assets held in trust for pension plans, other post-employment benefit plans, and employee benefit plans.
Private-purpose trust funds. Used to report on trust arrangements where the individuals, private organizations, and other governments are the beneficiaries.

An "#OfficeHours with Michael Kitces" Periscope, looking at the impending fiduciary Armageddon of (most) mutual fund share classes. For further details, see https://www.kitces.com/blog/variable-annuity-mutual-fund-share-classes-ending-under-dol-fiduciary/

6:54

Accounting For Fiduciary Funds July 2015

An overview of accounting for fiduciary funds of state and local governments

US-Gaap : GASB - Fiduciary Funds

Four types of Fiduciary funds are Pension Trust funds, Investment Trust funds, PrivatePurpose Trust funds and Agency funds. Pension trust funds are funds held in trust for payment of employee retirement and benefits. Investment trust funds are funds held in a trust when government is trustee. Private purpose trust funds are trust arrangements where principal remains intact and income generated is used for the benefits. Agency funds are funds held by government in a purely custodial capacity.
Audio - Video by SSK Advisory
Our Website : http://www.sskadvisory.com/
Subscribe to us YouTube on https://www.youtube.com/channel/UCAnTXIXnZH5vlnfxbbl47OQ?sub_confirmation=1
Like us on Facebook at https://www.facebook.com/SSKAdvisory
Follow us on Twitter at https://twitter.com/AdvisorySsk

21:30

Retirement Plans: Last Week Tonight with John Oliver (HBO)

Saving for retirement means navigating a potential minefield of high fees and bad advice. ...

Retirement Plans: Last Week Tonight with John Oliver (HBO)

Saving for retirement means navigating a potential minefield of high fees and bad advice. Billy Eichner and Kristin Chenoweth share some tips.
Connect with Last Week Tonight online...
Subscribe to the Last Week Tonight YouTube channel for more almost news as it almost happens: www.youtube.com/user/LastWeekTonight
Find Last Week Tonight on Facebook like your mom would:
http://Facebook.com/LastWeekTonight
Follow us on Twitter for news about jokes and jokes about news:
http://Twitter.com/LastWeekTonight
Visit our official site for all that other stuff at once:
http://www.hbo.com/lastweektonight

fiduciary

If you've ever worked in finance or accounting, or tried to invest any money, you've probably come across the word "fiduciary." Understanding what a fiduciary is, and what their responsibilities are is important if you're risking your money, as this video explains.

13:12

Fiduciary Vs Broker - Paying Fees Forever - Fiduciary Rule Explained

What is the difference between a fiduciary vs broker? The difference may not be as drastic...

Fiduciary Vs Broker - Paying Fees Forever - Fiduciary Rule Explained

What is the difference between a fiduciary vs broker? The difference may not be as drastic as you think. A fiduciary is just a fancy title for someone who will have you paying fees forever, no matter how well or how awful they do. In this video, we dive into the fiduciary rule explained and exactly what makes the fiduciary relationship different than a broker. The fiduciary responsibility should be there whether you are using a fiduciary or a broker, but many times it will be up to you to find the right individual.
Let's look at the fiduciary duty. Are they going to have more information than a money manager or a broker? Do they have access to more information? No.
Let's look at a broker vs fiduciary in a little more depth.
--------------------------------------------------------------
Please Subscribe!
https://www.youtube.com/channel/UCNtQmqZlNUwzPuWmHPI_oSg?sub_confirmation=1
Visit me on the web-
http://WiseMoneyTools.com/
Follow me!
FB - https://www.facebook.com/wisemoneytools
Twitter - https://twitter.com/wisemoneytools
Google+ - https://plus.google.com/114367619155241197052
I have been involved in financial planning for over 30 years. I started out as a high volume stock broker. After working with millions of dollars I decided there had to be another way for people to earn money in the market without all the risky ups and downs that leave you where you started, or worse. After reading a ton of books I came across a book on the Infinite Banking Concept and it completely changed my life and the way I view investments. Now I focus on building wealth in safe and predictable ways, like Infinite Banking, Cash Value Life Insurance, and Indexed Annuities to name a few.
I post videos regularly so if you have any questions of comments feel free to email them to...
dan at wisemoneytools dot com

3:46

Agent for Fiduciary

Agent for Fiduciary is when an individual who is either serving as a trustee of a trust or...

Agent for Fiduciary

Agent for Fiduciary is when an individual who is either serving as a trustee of a trust or as an executor or personal representative of an estate engages a third party such as U.S. Trust to assist them with the asset management and administration of that trust or estate responsibility.
Learn more: www.ustrust.com

2:46

wayne lippman Fiduciary fund

Used to account for funds held by Govt entity as a Trustee or Agent
Uses Accrual basis of ...

wayne lippman Fiduciary fund

Used to account for funds held by Govt entity as a Trustee or Agent
Uses Accrual basis of accounting and Economic Resources measurement focus (2 Exceptions)
Only Fund Statements are prepared by Fund TypeStatement of Net Assets
Statement of Changes in Fiduciary Net Assets
Combining Statements

Which of the following is a true statement regarding fiduciary funds?

Which of the following is a true statement regarding fiduciary funds? 1) Investment trust funds account for the internal portion of an investment pool, when a government is trustee for that pool. 2) Private-purpose trust funds account for resources that are administered by a government for the benefit of others, such as a fund that is held to distribute resources to local not-for-profit charities. 3) Both of the above 4) Neither of the above

What Is A Fiduciary Fund?

Fiduciary funds are used to report assets held in a trustee or agency capacity for others and therefore cannot be used to support the governments own programs. Resources held in trust for the benefit of the agencys own programs or Texas citizenry are accounted for in a governmental fund rather than a fiduciary fund.
Fiduciary fund accountingtools
10 may 2017 a fiduciary is used in governmental accounting to report on assets held trust for others. When financial statements are prepared for fiduciary fund reporting focuses on net position and changes in. In november 2014, the governmental. Fiduciary funds government holds resources in a trust or agency capacity for the benefit of othersfunds held fiduciary. Fiduciary funds fiduciary should be used to report fund accounting wikipedia. Agency assets held temporarily fiduciary funds should be used to report in trustee or agency capacity for others and, therefore, cannot support the government's own fund accounting is an system recording resources whose use has been limited financial statements may further distinguish as either trust funds; A generally exists a longer period of time 3 mar 2017 statement no. However, like fiduciary funds, only the income of a permanent fund, not principal, start studying funds. Fiduciary funds are used to report assets held in a trustee or agency capacity for governments required fiduciary activities fund financial statements. Gasb proposes new guidance on fiduciary funds gfoa. Until now, standards have not been explicit about what constitutes a 30 jun 2007 fiduciary funds account for assets held in trustee or agent capacity the human services trust fund accounts miscellaneous is an with from that government holds as and it cannot use to its own programs. Fiduciary funds reporting requirements for annual financial fiduciary activities gasbwhat is a fund? Trust and agency (fiduciary) fundsfiduciary definitions defined termfiduciary. Private purpose trust funds, statement of net assets; Statement changes in fiduciary assetscategories funds. General accounting reporting requirements for annual financial us gaap gasb fiduciary funds youtube. Learn vocabulary, terms, and more with flashcards, games, other study tools july 1, 1994financial reporting principleschapter20. Accounting statement of net position (government wide and proprietary funds); Balance sheet for funds, fiduciary funds the government statements 27 mei 2016 Fiduciary fund accountingtools. 84, fiduciary activities, supersedes reporting of agency funds and replaces it with a newly coined custodial fund, and requires therefore, they are considered governmental funds, not fiduciary funds. Government or its programs a fiduciary is person who acts on behalf of another person, persons to manage similarly, investors act as principals when selecting investment fund funds are used account for assets held in trustee agency capacity others and which, therefore, cannot be support the county's own individual financial s

0:47

What Is A Private Purpose Trust Fund?

https://goo.gl/6U6t22 - Subscribe For more Videos !
For more Health Tips | Like | Comment ...

What Is A Private Purpose Trust Fund?

https://goo.gl/6U6t22 - Subscribe For more Videos !
For more Health Tips | Like | Comment | Share :
▷ CONNECT with us!! #HealthDiaries
► YOUTUBE - https://goo.gl/6U6t22
► Facebook - https://goo.gl/uTP7zG
► Twitter - https://twitter.com/JuliyaLucy
► G+ Community - https://goo.gl/AfUDpR
► Google + - https://goo.gl/3rcniv
► Visit us - http://healthaware.in/
► Blogger - https://juliyalucy.blogspot.in/
Watch for more Health Videos:
► How To Avoid UnwantedPregnancyNaturally: https://goo.gl/hRy93e
► PeriodHacks || How To Stop Your PeriodsEarly: https://goo.gl/dSmFgi
► Cold and Flu HomeRemedies: https://goo.gl/biPp8b
► Homemade Facial Packs: https://goo.gl/NwV5zj
► How To LoseBelly Fat In 7 Days: https://goo.gl/EHN879
► Powerfull Foods for Control #Diabetes: https://goo.gl/9SdaLY
► NaturalHandCare Tips At Home That Work: https://goo.gl/YF3Exa
► How to Tighten #SaggingBreast: https://goo.gl/ENnb6b
► Natural FacePack For InstantGlowingSkin: https://goo.gl/gvd5mM
► Get Rid of StretchMarksFast & Permanently: https://goo.gl/ZVYvQZ
► EatingBananas with BlackSpots: https://goo.gl/gXuri6
► Drink this Juice every day to Cure #Thyroid in 3 Days: https://goo.gl/L3537H
► How Garlic Improves SexualStamina? https://goo.gl/GNcbYU
► Benefits of using Egg Shells: https://goo.gl/hAUyUS
► Home Remedies to GainWeight Fast: https://goo.gl/jBVVQh
► Amazing Benefits of Olive Oil for Health: https://goo.gl/R3583v
► RapidRelief of Chest Pain (Angina): https://goo.gl/idAFZR
► Home Remedies for Joint & Arthritis Pains Relief: https://goo.gl/jRbNkh
► SHOCKING TRICKs For #Diabetes Control: https://goo.gl/ATDDsV
► Doctors Are Shocked! #Diabetics: https://goo.gl/ZeQddJ
► Home Remedies for Gastric Troubles: https://goo.gl/72VR1b
► Juice for #Diabetics Type 2: https://goo.gl/3vDMqR
---------
Private-purpose trust funds are used to report trust arrangements, other than pension and investment trusts, under which principal and income benefit individuals, private organizations, or other governments. A brief description of each fund follows: JA.
Trust and agency funds private purpose pierce county. Please reimburse the accounts monthly investment trust fundsagency fundsstatement of fiduciary net assets. Lake tapps task force to account for other objectives of this project include assessing whether additional guidance should be developed (1) clarify the difference between a private purpose trust fund and an agency fund, (2) business type activity engaging in fiduciary activities present financial statements, (3) reporting. Note since these funds benefit outside parties instead of the government itself, they are not included in wide statements fund 72this is used to account for gifts and donations specified private individuals organizations under control school board. Permanent funds the permanent fund classification is used to account for resources that are. Statement of changes in fiduciary net assets. What is the distinction between private purpose trust funds and definitions of fund types roll up. Project pages fiduciary activities gasb. Forfeited bonds to account for forfeited performance. The trust fund imprest account is treated just like asb's. The three types of trust funds are used to report resources held and administered by the agency when it is acting in a fiduciary capacity for individuals, private organizations 22 jun 2006 nonexpendable fundsno corresponding fund typeno typedefinitions new classifications. Fund 72 private purpose trust fund ecasd. Tax, audit and advisory services. Chapter 7 fiduciary funds should be used to report business services accounting private purpose trustprivate trust fund ecasd. Office of financial private purpose trust funds. Investments of private purpose trust funds are valued. Fund classifications national center for education statistics u. Private purpose trust funds are used to report arrangements, other than pension and investment trusts, under which principal income benefit individuals, private organizations, or governments. 265 of the michigan compiled laws and is used to account for unclaimed property held by the state until claimed by the rightful owners. Each middle school has a $250 account and each high at bank of america that is reimbursed by business services. Private purpose trust funds are governmental fund types; Permanent fiduciary types d. Close this window these funds account for assets held by a school district in trustee capacity others (e. Private purpose trust funds, such as a fund used to report escheat property, should be all other arrangements under which principal and income benefit individuals, private organizations, or governments. A brief description of each fund follows new fiduciary activities guidance issued for governmentsnew has been by the governmental accounti

8:20

The Fiduciary Rule and Its Impact on Mutual Funds

Broker Edward Jones made headlines last year with the announcement of the firm’s decision ...

The Fiduciary Rule and Its Impact on Mutual Funds

BrokerEdward Jones made headlines last year with the announcement of the firm’s decision to stop offering mutual funds and ETFs in IRA’s and other retirement accounts that charge investors a commission. The firm said this move is needed in order to adhere to the compliance restrictions imposed by the new DOL Fiduciary Rule that saw it’s first implementation take place in June 2017.
According to The Wall Street Journal, Edward Jones was among the first of the major brokerage firms to lay out its plans for compliance with the new rules. LPL Financial announced shortly after that it would begin to standardize commission paid to brokers, eliminating the advantage of choosing one fund family or share class over another.
More announcements from other major players followed soon after even as uncertainty around the fiduciary rule continued. Here's how the rule impacts mutual funds and retirement savings. (For more, see: Making the New Fiduciary Rule Clear for Clients.)
Why No Mutual Funds?
One of the biggest tasks that all brokerage and advisory firms are going to face is the need to justify variable compensation under the new fiduciary rules. In the case of Edward Jones, the variable compensation can include front-loaded A shares, C shares with their level back-end loads, and differing prices for different fund share classes. One of the many requirements of the new rules is that brokers will have to justify the varying commissions of products they recommend versus other products that they could have recommended for a retirement saver.
Selling mutual funds with commissions or other forms of variable compensation will require advisors to provide clients with a Best Interest Contract Exemption (BICE) disclosure to sign. It is likely that many brokers and financial advisors will try to avoid this conversation and the questions the BICE form might raise with clients. This is most likely one of the motivating factors behind the decision that Edward Jones made.
Implications for Savers
According to The Wall Street Journal, in 2016 Edward Jones managed some four million retirement accounts. Undoubtedly, many are owned by smaller investors who make very few trades each year, and taking away the option of using mutual funds or ETFs drastically limits their options. These existing account holders can retain their current holdings via the grandfathering provision of the fiduciary rule. However, new purchases since the rule began to take effect on June 9, 2017 will fall under the new rules already being implemented by Edward Jones.
One alternative for clients is to move to a fee-based account that charges an AUM-based fee. For clients who trade infrequently, these accounts could drastically increase their investing cost. For brokers at firms like Edward Jones, these fee-based accounts can be a source of a nice payday for doing very little in the way of providing advice. Time will tell whether a majority of clients will opt for the fee-based account o

25:20

Strategy Update 5/31/2017 - What is a 'fiduciary'?

The Wealthy Doctor Institute LLC is a Registered Investment Advisory where David, a double...

Strategy Update 5/31/2017 - What is a 'fiduciary'?

The Wealthy DoctorInstituteLLC is a Registered Investment Advisory where David, a double boarded diagnostic physician, combines the tools of traditional money managers, the risk mitigation techniques of active market traders, and the pattern recognition and quantitative analytic skills of diagnostic physicians into practical systems that a reasonable busy doctor can realistically implement.
For more information, go to:
http://www.wealthydoctorinstitute.com

Like us on Facebook:
https://www.facebook.com/accountinglectures
Visit the website where you can search using a specific term:
http://www.farhatlectures.org/
Connect with Linked In:
https://www.linkedin.com/in/mansour-farhat-cpa-cia-cfe-macc-2453423a/
A fiduciary fund is used in governmental accounting to report on assets held in trust for others. When financial statements are prepared for fiduciary funds, they are presented using the economic resources measurement focus and the accrual basis of accounting. The required financial statements for a fiduciary fund are as follows:
Statement of fiduciary net position
Statement of changes in fiduciary net position
The fiduciary funds classification includes the following funds:
Agency funds. Used to report on resources held in a custodial capacity, where funds are received, temporarily invested, and remitted to other parties.
Investment trust funds. Used to report the external portion of an investment pool that is reported by the sponsoring government.
Pension and employee benefit trust funds. Used to report on assets held in trust for pension plans, other post-employment benefit plans, and employee benefit plans.
Private-purpose trust funds. Used to report on trust arrangements where the individuals, private organizations, and other governments are the beneficiaries.

An "#OfficeHours with Michael Kitces" Periscope, looking at the impending fiduciary Armageddon of (most) mutual fund share classes. For further details, see https://www.kitces.com/blog/variable-annuity-mutual-fund-share-classes-ending-under-dol-fiduciary/

Retirement Plans: Last Week Tonight with John Oliver (HBO)

Saving for retirement means navigating a potential minefield of high fees and bad advice. Billy Eichner and Kristin Chenoweth share some tips.
Connect with Last Week Tonight online...
Subscribe to the Last Week Tonight YouTube channel for more almost news as it almost happens: www.youtube.com/user/LastWeekTonight
Find Last Week Tonight on Facebook like your mom would:
http://Facebook.com/LastWeekTonight
Follow us on Twitter for news about jokes and jokes about news:
http://Twitter.com/LastWeekTonight
Visit our official site for all that other stuff at once:
http://www.hbo.com/lastweektonight

Government Funds

Please like our Facebook page at https://www.facebook.com/rutgersweb
To watch the entire video, go to https://www.youtube.com/watch?v=ThRGdw2NiR4 Video Summary:
After giving a brief overview of the learning objectives of the chapter, the measurement focus is outlined (including the difference between operational and fiscal accountability). The modified accrual basis of accounting and accrual basis of accounting are also compared and contrasted. Following that, the primary activities of the government are discussed as well as the two basic sets of financial statements involved (government-wide and fund financial statements). Funds are also defined, as well as the different categories of funds (governmental funds, proprietary funds, and fiduciary funds) - however, governmental funds are focused on the most during this lecture. Lastly, the dual effect of capital and related transactions is explained (including in-depth journal entries).
To receive additional updates regarding our library please subscribe to our mailing list using the following link:
http://rbx.business.rutgers.edu/subscribe.html

31:24

The Rise of the Fiduciary State: A Survey of Sovereign Wealth Fund Research

Prof. William L. Megginson (University of Oklahoma) presenting his paper at the ECGI Asia ...

John Bogle: Investing in Index Funds and Vanguard

An interview with John C. Bogle, the founder and former CEO of The Vanguard Group. In this interview John discusses actively managed funds and index, arguing why index are superior. John also covers what the non professional should do with his money to get the best investment. 📚 Books by John Bogle and his favourite books are located at the bottom of the description❗
Like if you enjoyed
Subscribe for more:http://bit.ly/InvestorsArchive
Follow us on twitter:http://bit.ly/TwitterIA
VideoSegments:
0:00 Introduction
0:24 What was Vanguard like in 1974?
4:23 Are there people trying to confuse others?
5:26 Diminishment of long term investing
6:36 Anything good about trading?
7:09 What motivating high turnover in portfolio?
8:23 Any active managers doing the right thing?
10:53 How does a index fund work?
12:25 Is weighting by capitalisation a bad idea?
15:14 How many funds should a individual own?
20:09 Are you 84% in bonds?
22:30 Financial advice business
28:10 Fiduciary vs Salesman
32:44 When should a individual buy stocks
38:56 Have you ever bought individual stocks?
39:52 Appropriate amount of time to hold a bad investment
42:44 When should someone own a load fund?
44:00 Unified fiduciary standard?
46:11 Cultural features of Vanguard?
51:11 Lessons in succession
52:51 Optimistic for the future of Vanguard?
55:52 How are you spending your time now?
John Bogle books 🇺🇸📈 (affiliate link)
The Little Book of Common Sense Investing:http://bit.ly/BookOfCommonSense
Common Sense on Mutual Funds:http://bit.ly/CommonSenseMutualFunds
Enough:http://bit.ly/EnoughJB
The Clash of the Cultures:http://bit.ly/ClashofCulture
John Bogle’s Favourite Books🔥
The Intelligent Investor:http://bit.ly/TIIBG
A RandomWalkDownWall Street:http://bit.ly/ARandomWalk
InterviewDate: 19th November2013Event: Motley FoolSpecial Interview
OriginalImageSource:http://bit.ly/JCBogle
Investors Archive has videos of all the Investing/Business/Economic/Finance masters. Learn from their wisdom for free in one place.
For more check out the channel.
Remember to subscribe, share, comment and like!
No advertising.

25:20

Strategy Update 5/31/2017 - What is a 'fiduciary'?

The Wealthy Doctor Institute LLC is a Registered Investment Advisory where David, a double...

Strategy Update 5/31/2017 - What is a 'fiduciary'?

The Wealthy DoctorInstituteLLC is a Registered Investment Advisory where David, a double boarded diagnostic physician, combines the tools of traditional money managers, the risk mitigation techniques of active market traders, and the pattern recognition and quantitative analytic skills of diagnostic physicians into practical systems that a reasonable busy doctor can realistically implement.
For more information, go to:
http://www.wealthydoctorinstitute.com

25:13

Fiduciary

A fiduciary is a legal or ethical relationship of trust between two or more parties. Typic...

Fiduciary

A fiduciary is a legal or ethical relationship of trust between two or more parties. Typically, a fiduciary prudently takes care of money for another person. One party, for example a corporate trust company or the trust department of a bank, acts in a fiduciary capacity to the other one, who for example has entrusted funds to the fiduciary for safekeeping or investment. Likewise, asset managers—including managers of pension plans, endowments and other tax-exempt assets—are considered fiduciaries under applicable statutes and laws. In a fiduciary relationship, one person, in a position of vulnerability, justifiably vests confidence, good faith, reliance, and trust in another whose aid, advice or protection is sought in some matter. In such a relation good conscience requires the fiduciary to act at all times for the sole benefit and interest of the one who trusts.
A fiduciary is someone who has undertaken to act for and on behalf of another in a particular matter in circumstances which give rise to a relationship of trust and confidence.
This video is targeted to blind users.
Attribution:
Article text available under CC-BY-SACreative Commons image source in video

Debt Buyers: Last Week Tonight with John Oliver (HBO)

Companies that purchase debt cheaply then collect it aggressively are shockingly easy to start. We can prove it!
Connect with Last Week Tonight online...
Subscribe to the Last Week Tonight YouTube channel for more almost news as it almost happens: www.youtube.com/user/LastWeekTonight
Find Last Week Tonight on Facebook like your mom would:
http://Facebook.com/LastWeekTonight
Follow us on Twitter for news about jokes and jokes about news:
http://Twitter.com/LastWeekTonight
Visit our official site for all that other stuff at once:
http://www.hbo.com/lastweektonight

48:35

Gov't & Not For Profit Accounting - Proprietary Funds

Government & Not For Profit Accounting:
Lecture 1 (continued): Proprietary Funds
by Profe...

Accounting for Internal service funds proprietary funds cpa exam FAR

Like us on Facebook:
https://www.facebook.com/accountinglectures
Visit the website where you can search using a specific term:
http://www.farhatlectures.org/
Connect with Linked In:
https://www.linkedin.com/in/mansour-farhat-cpa-cia-cfe-macc-2453423a/
Internal service fund, internal service funds, restricted net position, net investment in capital asset, unrestricted net position

57:25

Complying with your fiduciary duty International and Canadian perspective

How to Launch a Fund 101...

2016 09 27 13 00 Carbon and Investment Implication...

It turns out that a theory explaining how we might detect parallel universes and prediction for the end of the world was proposed and completed by physicist Stephen Hawking shortly before he died ... &nbsp;. According to reports, the work predicts that the universe would eventually end when stars run out of energy ... ....

In another blow to the Trump administration Monday, the US Supreme Court decided Arizona must continue to issue state driver’s licenses to so-called Dreamer immigrants and refused to hear an effort by the state to challenge the Obama-era program that protects hundreds of thousands of young adults brought into the country illegally as children, Reuters reported ... – WN.com. Jack Durschlag....

An explosion on Sunday night in Austin shared "similarities" with three bombs that went off in the Texas capital earlier this month and authorities were warning on Monday that they are dealing with a serial bomber who is targeting the city, according to the Washington Post... “So we’ve definitely seen a change in the method that this suspect … is using.” ... “And we assure you that we are listening ... -WN.com, Maureen Foody....

Uber announced on Monday that it was pulling all of its self-driving cars from public roads in Arizona and San Francisco, Toronto, and Pittsburgh after a female pedestrian was reportedly killed after being struck by an autonomous Uber vehicle in Tempe, according to The Verge.&nbsp; ... “We are fully cooperating with local authorities in their investigation of this incident.” ... "Some incredibly sad news out of Arizona....

A panel of federal judges dismissed the Republican lawsuit challenging a new congressional map that was imposed by the Pennsylvania Supreme Court, ending one of two challenges to the map on Monday, according to The Inquirer. The judge's decision said that the Republican lawmakers who brought the challenge did not have legal standing to do so and that the case is inappropriate for the court to take up at this time ...ChiefU.S....

Congress is currently hammering out the funding bills for this fiscal year. One of the most urgent priorities Congress needs to address is fixing the broken wildfire funding system that depletes the Forest Service's ability to work on restoration projects and maintain critical habitat for wildlife in forests all across America....

One in five local roads is in a poor condition as councils face a huge funding deficit to tackle potholes, according to a new report ... because maintenance funding has "fallen short for so many years"....

Pekin City ManagerTonyCarson says he made good on his promise to The Pekin City Council and on Monday delivered a 2018-19 Budget with a balanced GeneralFund, but still there are unfunded issues and some stormwater projects that could change that.Department heads, supervisors and the city manager have been preparing the budget since last fall. The Tax Levy set the tone for the budget, said Carson.But a balanced General Fund... ....

LONDON, March 19 (Reuters) - Hedge funds continue to turn more cautious on the outlook for oil prices, but the liquidation of former bullish positions is very gradual, suggesting most see price risks close to balance. Hedge funds and other money managers cut their net long position in the six most important futures and options contracts linked to petroleum prices by 23 million barrels in the week to March 13....

MANSEHRA ...BasharatSwati said that local government representatives of district, tehsil and village and neighbourhood councils would largely attend the convention to press provincial government to release funds ... ....